Let’s all get pessimistic about ill-being: civil society and political organisation mediations

Charles-Henri DiMaria

MPRA Paper from University Library of Munich, Germany

Abstract: Unemployment, job vulnerability, and inflation are among the economic events that generate stress and anxiety in the population. People express their anxiety by reporting ill-being. We evaluate the extent to which negative economic events translate into reported ill-being for the European countries between 2005 and 2019. Our objective is to identify countries that produce the lowest level of ill-being at a given level of negative economic events. We utilize a benchmarking technique called data envelopment analysis. While the standard version of this technique has been used to understand well-being, the standard version cannot explain ill-being. Therefore, we are the first to employ the non-standard version of this technique in the well-being literature known as anti-efficiency or pessimistic DEA. We find that Nordic countries tend to perform best in mitigating the influence of negative economic events on ill-being. Additionally, we discover that countries with well- organized public administration are better at containing ill-being.

Keywords: Ill-being; pessimistic frontier; data envelopment analysis; civil society organizations; trust. (search for similar items in EconPapers)
JEL-codes: H11 I31 (search for similar items in EconPapers)
Date: 2024-07-30
New Economics Papers: this item is included in nep-hap
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